SBI Life Kalyan ULIP Plus Plan | SBI Life Retirement Solution Plan

SBI Life Kalyan ULIP Plus Plan

SBI Life Kalyan ULIP Plus Plan is the Unit Linked Group Insurance Plan, which is non-participating. The uniqueness of this plan is that it offers both the Primary Policyholder (employer) as well the Group Member (employee) the same features and benefits. The SBI Life ULIP plan to safeguard and ensures availability of funds to meet your company’s obligations on gratuity, superannuation, pension/annuity and leave encashment. Depending on your needs, you can choose between traditional and unit-linked plans.

Eligibility of SBI Life Kalyan ULIP Policy

Particulars

Description

Entry Age

Minimum: 18 Years

Maximum: 79 Years

Maturity Age

80 Years

Minimum Premium Amount

Rs. 50,000/-

Life Cover

Rs. 1,000/-

Free Lock Period

15 Days

Group Size

Minimum: 10 Members

Maximum: NA

Key Features of SBI Kalyan ULIP Policy

The SBI Kalyan ULIP Plus plan offers you a great platform to manage the funds for the group for the below mentioned schemes:

Defined Benefit Scheme.

Defined Contribution Scheme.

Hybrid Scheme.

The premium payment can be made with payment options at any time of the year chosen by the policyholder.

Manage your funds in an efficient manner, by using the option of switching between funds at any time. When you want to switch between the fund options you need to move at least a 5% amount into a different fund.

Superannuation scheme does not allow both switching and redirection of premiums and funds.

Systematic Transfer Option, by using this fund you will simply invest your monies into this fund.

Free Look period of 15 days will be provided to check the terms and conditions of the plan and if the employer/ master policyholder disagrees with the policy they can return the policy.